Theatre Tax Relief
Theatre Tax Relief (TTR) is a relief that theatre production companies can claim if they produce, run and close theatre productions. It was introduced in the 2014 Finance Bill.
You need three things to qualify:
- You must actively engage in the decision making at all stages of the production
- Your creative, artistic and technical contribution to the production must be “effective”
- You negotiate and pay for the rights, goods or services of the production
Who is eligible for Theatre Tax Relief?
To be eligible to claim TTF, you must be running a commercial production for a majority paying audience. Also, at least 25% of your core spend on the production must occur within the EEA.
What do I claim?
You claim TTR via your usual CT600 corporate tax return.
You can claim whichever is lower of these two spends:
- 80% of total core expenditure – and this must relate to the production, running and closing of the production
- The amount of core expenditure on goods or services that are provided from the EEA
Read more about what you can claim with TTR on HMRC’s website.
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